At the Heart of the Chaos, A Poor Way to Manage Risk The housing finance system, while still functioning, is in a crisis. Interest rate risk premiums -- the rate increment on mortgages classified as riskier -- are two to four times
Weekly Home Mortgage Rates (AP via Yahoo! News) Weekly Home Mortgage Ratesvia
Contractor's work leads to arrest warrant "In my heart, I know I have to forgive this guy" Anthony Pacific has a massive hole in his backyard, and he doesn't know what to do. via Record-Journal
Surprise! Your house is paid off (Reg Req'd) Some people burn their mortgage after making the last payment. Pedro Gomez went them one better: He got a check for $26,564. It seems that Gomez had been making payments
Mortgage-Lobby Chief Resigns The chief of the mortgage industry's most powerful lobby group, Jonathan Kempner, resigned Tuesday, just as the industry is defending itself from a hostile Congress and a punishing housing slump.read
Mortgage affordability 'remains steady' (Guardian Unlimited) Money: Homeowners in England and Wales spend almost one fifth of income on mortgage repayments.via
Seven out of 10 troubled mortgage borrowers remain without a plan to work out their loans despite increased industry efforts to help them, according to a new report from a coalition of state attorneys general and banking regulators.
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